DT Midstream Inc (DTM)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 384,000 | 370,000 | 307,000 |
| Total assets | US$ in thousands | 8,982,000 | 8,833,000 | 8,166,000 |
| ROA | 4.28% | 4.19% | 3.76% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $384,000K ÷ $8,982,000K
= 4.28%
DT Midstream Inc's return on assets (ROA) has shown a positive trend over the past four years, with an increasing trend from 3.74% in 2020 to 4.28% in 2023. This indicates that the company has been more effective in generating profits relative to its total assets. The continued growth in ROA suggests that DT Midstream Inc has been efficient in utilizing its assets to generate earnings and create value for its shareholders. The improvement in ROA over the years indicates that the company has been successful in managing its assets to generate profits, which can be a positive sign for investors and stakeholders. Overall, the upward trend in ROA reflects positively on the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023